Zinger Key Points
- Goldman Sachs analyst reiterates Buy on Vertex, with a $48 target, expecting strong, sustainable growth and macro resilience.
- Analyst anticipates focus on demand sustainability, e-invoicing, international expansion, and future product investments at Investor Day.
- Our government trade tracker caught Pelosi’s 169% AI winner. Discover how to track all 535 Congress member stock trades today.
Goldman Sachs analyst Adam Hotchkiss expressed expectations on Vertex, Inc. VERX ahead of its first Investor Day as a public company on March 19.
The analyst reiterated the Buy rating with a price forecast of $48.
Hotchkiss expects that management will highlight how the company is largely shielded from broader macroeconomic uncertainty due to the critical role of tax software in the current landscape.
The analyst also expects them to provide further insight into the sustainability of mid-teens or higher revenue growth in the medium term.
In particular, the analyst anticipates that management will focus on addressing several key points, including the sustainability of demand and market dynamics within the broader enterprise tax software market.
Also, Hotchkiss expects to learn about the importance of e-invoicing and international expansion in driving future revenue growth at the investor day.
Additionally, the analyst anticipates getting clarity on the future investment roadmap and the monetization of new product initiatives.
Finally, the analyst expects to know about the impact of these investments and scale-driven efficiencies on the company’s medium-term margins.
Price Action: VERX shares are up 1.95% at $34.25 at the last check Monday.
Read Next:
Photo by Ground Picture on Shutterstock.
Edge Rankings
Price Trend
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.